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20121101
20121130
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on this show . you used example of the gentlemen who you know owns 40 applebees restaurant. you say that is a maul. you know hold on a second. zane is a great guy and knows business from the ground up d he's talking with other guys who only one one franchise . >> i am sure zane is a great guy. >> it is not just zane but a lot of business owners around the country that are having trouble. >> that is not a small business. ning 40 apple bees are not small. >> there are other examples. >> let's take care your logic. he's not a small business. you would think he would be able to absorb the costs. he can't. if you are talking about a mom and pop shop they can't absorb that either. >> who is likely to be better capable of absorbing obamacare? small business or corporation. >> corporation, because it is easier to lay off people and keep the productivity. why has this recovery been the worst on record since any recession since the 30s? it is not true, rick. you are saying something that factually incorrect. >> hold on a second. clear your throat. >> the growth coming off of financial recessi
secretary. home prices keep climbing. your professor will tell us if that streak can continue. connell: at the top of the hour, stocks now. good morning. it is nicole petallides on the floor of the new york stock exchange. nicole: good morning, dagen and connell. a big piece of news here. this is obviously a big deal. ninety dollars a share. you can see how the stocks are faring. this will create the second largest package food company. you can see the upside. conagra is up about 4% there. obviously, big news on that. the dow today down 41 points. he regained 3.3%. today we have come under pressure. the s&p and nasdaq also down. there is a loss of about 40 points. yesterday we lost about 42 points. short-term pullback is pulled back. dagen: thank you. if congress is unable to prevent the fiscal cliff, our lawmakers could send the entire world economy into a recession. steve moore is here, senior economics writer at the "wall street journal." he joins us now from washington, d.c. will they prevent it, steve? >> the good news is, no one should ever listen to what they say. but, you know,
together. it is sort of saying this silver lining is in sight and that gave us a boost here on wall street. 12,471. our heart of the day was 12,602. not far off from yesterday's. you are seeing some financials here. they are trying to move along. jpmorgan was in the red earlier today. bank of america. some of the financials are still in the red. citigroup, goldman sachs, case-by-case. it is not a blanket of of arrows across the board. it still remains. it is something they have to contend with sooner than later. melissa: breaking news right now. the fire is now out at the offshore oil platform. that is in the gulf of mexico. there was an explosion just after 9:00 a.m. eastern. it was about 20 miles off the coast of louisiana. at this time, the coast guard, look at that, the coast guard cannot confirm any deaths. two people are missing and nine people have been flown to local hospitals. we will bring you the very latest just as soon as we learn it. lori: bp is so fresh in everyone's memory still. president obama meeting with congressional leaders. it is all we are talking about these days.
number of women's group, can you help us find folks. they brought us binders full of women. >> governor we don't have horses and bayonets because the nature of our military is changed. >> jack kennedy lowered taxes. >> oh you're jfk. >> don't boo, vote. voting is the best revenge. stuart: this is exciting. this is decision day. i'm stuart varney and this is a special election day edition of "varney & company". we have an all-star cast spread throughout the studio and across the country for you. gerri willis at romney headquarters in boston. rich edson at obama headquarters in chicago. sandra smith is tracking key swing states for us. scott rasmussen has final polls and a prediction. first our company for the for the hour, former presidential candidate steve forbes and radio host and best-selling author, monica crowley. to you first, you're both conservatives. monica, who is going to win. >> governor romney will win the presidency by three percentage points and over 300 votes. stuart: are you being objective? >> i hope not my wishful thinking. over last month and a half i have been to mo
for them and you center the hidous cartoon. birth to death. corrupting us and the immigrants and got to stop it >> rick, it is it a land of opportunity and hand outs. >> no one is handing it out. >> yes, they are. nit is just information that is available. same example -- information that shows up. anybody here in the table mitt romney, his father when he came here from mexico. he got that exact kind of government aid and he turned out to be predent of one of the nation's biggest autocompanis and became governor of the state of the michigan. >> my dear friend rick unger has to be brought up to date. he didn't get them. it is supplement security income and that is it free money from the government. this is in addition to medicaid and to food stamps it is a $1,000 a month you get. it is it a lot of new stuff. this by the way w started under richard nixon and meant for blind and handicapped people. and i have to be kind to my friend rick since he beat me out of a starbucks coffe but that said, we have become dependent on government. $3900 20 years ago was the average entitlement spendin
: in the meantime, you are trying to get us sick as well with up and down, and up and down. >> you got it. neil: to other storm, financial storm, stocks swooning, a huge day drop off, a lot on this important cliff you heard about. remember we said, when election of out of way, everyone would focus on the other problem, all these expiring bush tax rates, all these pending sequesting a cuts they kick in same minute, same day, end of the year, then it all hits the pro verbal fan. we were warning this was coming way before the election, now a lot of other news network have woken up, saying, oh, we forgot about the financial armageddon. i guess first signal came for john boehner who was open to revenues, by that, taxes, let the kabuki theater begin. >> it did. you know hours after president obama secured reelect, top congressional democrat, harry reid reaffirmed democrat tax agenda, those making more should pay more. >> people who make more than a million dollars a year, the vast majority of them are happy to pay that. only place that people disagree are republican in congress. >> reporter: he and d
in, tom. >> no problem. thanks. dagen: joining us now also on the phone with more is new york congressman mr. charles wrangle. >> i am in my office answering the phone trying to get help to my constituents. we are so fortunate when i see the tragic events that have taken place with my neighbors on the long island and new jersey. dagen: tell us what problems your constituents are seeing the folks up there did not lose power either spin it some of the elevators are now back online. we lost a lot of vehicles that those people were unfortunate to have their grudges flood. we are helping people wherever we can. every day it will improve. i am so proud that every time there is a crisis we can reach down and find that thing that brings us together. dagen: congressman, what is the greatest need in terms of the overall city? >> say that again. dagen: where is the greatest need? >> oh, my god, people who have lost their homes and all of their possessions. they've lost the streets, stores, hopes, there is so much pain involved. if we did not have fema and the coordination between all the
sandy, and phil flynn is in the trading pits for the cme for us, and what's pushing oil today, phil? >> well, you know, i think a lot of things, but more than anything, there's a pop up in the crude contract increasing geopolitical risk, al-qaeda attack on the yes , ma'am -- yemen border, and they are there giving a market a boost, but the products rebound after getting crushed on friday. in a weird way, i guess we got to be happy about upcoming gasoline prices because it could be a sign things are getting back to normal in the northeast. price crushinged because -- crushed because of demand. that's given us a rebound in that market. heating oil, of course, the proxy for jet fuel slammed. it got hit harder than any of the oil products. it's coming back a bit as well. all in all, the market being up a little bit, maybe a sign demand could come back as soon as they start to get power to everybody on the northeast. back to you. >> interesting. thanks so much. >> thank you. >> well, the president and governor romney criss-crossing the country in a last minute blitz, no surprise. they w
yesterday via those sites reopen again today from 1:00 to 5:00 p.m. open for us, saturday 1:00 until 5:00 and we will keep them open as long as they are needed. we have to come up with a long-term plan for people out of their homes for months, not able to cook and find food, and we're working on that but our first concern is to meet the immediate needs of people and hope what electricity comes back to some, the population that will really need our help will be down to it more manageable size but whatever size it is i am convinced we have the resources and the drive and the management to do so. anyone who visit visit one of o3 sites will be able to take three meals and bottles of water. people should bring their own bags to carry the food and water if at all possible. to publicize their hours and locations of these homes they've handed out thousands of flyers in english and spanish and chinese in the affected areas, but officials were present in those communities and their staff going door to door to help us get the word out and we have posted the site locations on the city's website. a
this. toys r us is opening at the same time on thanksgiving, sears opening same time on thanksgiving. apm, target is opening a little later, 9 p.m they need to do this in order to bring in the revenue. these are companies that are hurting, right? >> yeah. businesses are in business for profit. hear morgan and rick, you would think they're exploiting their employees, but the reality is every time a wal-mart opens, big, big lines of people wanting to work there. so i think it's the opposite of what they say. they're getting paid double time. i think this is just an example of unions who are increingly irrelevant in the private sector looking for attention on a day in which they'll get it. >> victim tore y what do you want to do? do folks who are against what wal-mart is doing, do they want to outlaw work on holidays? >> i'd like to. i think it sounds awful. i think shopping on thanksgiving evening is awful. >> sometimes you have to do awful things in order to pay the rent, right? >> be at home and have some apple pie, you know. [ laughter ] look, the issue here is that we have an awful
leaders and corporate ceos and ceos tell us you shake hands and walk out the door. we will see what kind of activity we get out of tomorrow but a lot of activity for lori rothman and melissa frances. melissa: how you get 77%? dennis: that is what he said. melissa: it is pretty funny. love to see these devotees dennis. had back. lori: i am lori rothman. melissa: i am melissa frances. will washington play ball or just bore all? president obama kicking up a busy week of meetings for the fiscal collected a. union leaders tomorrow ceos leading up to the meeting with congressional leaders on friday. so many meetings. lori: of the talks fail could we go over the fiscal click? our guest thinks so. they will feel that the most. melissa: a major reshuffle of who is in our out. lou dobbs joins us ahead. lori: are markets reacting that of the fiscal cliff? we head to the floor of the stock exchange with nicole petallides with modest gains. nicole: a green arrow, for all those folks who have seen the market selling off with an exception. we were down over 2%. we lost some of the earlier gains an
the deficits. stuart: he wants to raise tax rates on income and dividends and profits as well. joining us now, steve is the author of "how rich people think", steve, welcome to the program. good to have you with us, sir. >> hey, thanks, stuart. stuart: my premise is the stock market is way down because a lot of people, rich people in particular, are selling stocks on which they've already made a profit. they sell now, they get a lower tax rate than if they sold next year and took their profit in 2013. what do you say? >> absolutely. this is the time to get out and we're seeing it on the dow, we're seeing it in the different sectors, i mean, people are selling off like crazy and it's the right play. i think. stuart: it's tax driven? >> oh, i think so. yeah, i think it's-- i mean, since the election, it's been like a frenzy and i think we'll see it throughout the rest of the year. stuart: all right, your book is "how rich people think" so you're telling us that they think in terms of reducing the tax bill. is this extended beyond stocks? i hear there's a lot of selling of real estate where you
and i get nervous when i see the vix really not react. the ten year is telling us we have some things to worry about. the stock market is kind of ambivalent. and the vix is telling us don't worry at all. so we have got three different things to worry about here. also we've got that 200 moving day average in the s&p, in the index, the spx and we're bumping right up against that. that could give us another clue where we'll be going the next three four weeks. finally we have the politicians given the opportunity to disappoint, they generally do. look at europe. i think that's something we need to wrap around a big red bow on and give ourselves for christmas. liz: i'd rather have a fancy car. what's your next target, scott, the next ceiling or floor? >> i think we could see another 2 to 3 percent off the market going into year end hopefully we get a deal from the administration and i think we unleash some capital in the market. liz: quick question about natural gas, what changed from yesterday, elliot? >> you know, we have talked about this too. natural gas is a very strange market. i mea
-mart on the busiest shoppings day of the year and targeting one frt busiest u.s. airports on one of the busiest travel days of the year. we'll see big labor's travel play, a blow to a chance fo anyone's recovery. hi, everyone, i'm brenda buttner, this is bulls and bears, and here we go the bulls and bears, gary b smith, tobin smith, jonas max ferris along with jim la camp and steve murphy, welcome to everybody. jim, growing union clashes with job creators, growing concerns about jobs? >> absolutely. look, every time you make it harder for an employer to hire somebody they're going to hire less people. we're already seeing it in the jobs numbers. look, obamacare has already cost a tremendous amount of jobs and since the president was reelected and it became apparent that obamacare was coming back in, we've seen the layoffs accelerate and now the unions are trying to kick businesses at a time when businesses are hurting and at a time when they're uncertain about labor costs and this is going to take full-time jobs to part-time jobs, and it' going to mean the closing of plants, and factories and already
want clinton type of tax rate that we had back in the 1990s, okay, give us that clinton type of error. in return, we want spending levels proportion to the economy. repeal obamacare. republicans should go on offense instead of just letting the democrats define the terms of debate. dagen: do you think that all of the tax rate should go up? >> no. no. dagen: just for the wealthy, you are talking about. >> i do not want any tax increases. critics will say: oh, you are just kicking the can down the road. fine, that will help save the economy. that things will happen. connell: just in terms of perspective, the economy and numbers we report every day, you could make an argument that things are getting a little bit better. the housing data is turning around. some people say time heals wounds. >> all the more reason not to hurt the economy. there are numerous new regulations coming under obamacare. that will hurt. you have numerous regulations coming from dodd-frank. that will hurt. put them to the third degree. why in the world do you want to pile that on with new taxes? connell: do nothing
friend here of etftrends.com telling us three etfs to shop for now before consumers fill up the carts. what drove the markets today? it was a mixed day on wall street as ben bernanke urged congress to deal and reach a debt deal. the s&p and -- listen, the whole market just plunged after the speech, but, still, after awhile, the markets managed to eke out gains. dow down a point, snaps a two session winning streak. consumer discretionary and health care today's top performers and technology and energy lagged. we have lots of action in the metals today. gold giving back a little more than a half of yesterday's gains closing down $11 an ounce. other metals lower, the biggest loser today, goes into catalytic converters to convert, down 1.1%. silver down eight-tenths of a percent. here's a good sign here. new home construction soaring to the highest level in more than four years last month. jumping 3.6% to a seasonally adjusted annual rate of 894,000. october's jump pushed starts up more than 40% compared to one year ago. david: it's all covered for today's action, larry, at the cme in chi
finances with us and of course, we will bring you the opening bell next. [ male announcer ] if you're eligible for medicare, now is a good time to think about yr options. are you looking for a plan that really meets your needs and your budget? as you probably know, medicare only covers about 80% of your part b medical expenses. the rest is up to you. so consider an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like alltandardized medicare supplement plans, they cover some ofhat medicare dsn't pay. and could save you in out-of-pocket medical costs. call today to request a free decision guide to help you better understand medicare and which aarp medicare supplement plan works best for you. with this type of plan, you'll be able to visit any doctor or hospital that accepts medicare patients... plus, there are no networks, and you'll never need a referral to see a specialist. there's a range of plans to choose from, too. and they all travel with you. anywhere in the country. join the millions who have already enrolled in the only medicare suppl
are there doing nothing, still they're the ones who helped get us into this mess. now they are back. let me ask you about one more thing. we keep hearing about companies like wal-mart paying dividends before the end of the year, realizing dividend taxes will go up, people can click ahead of time, same thing we are hearing about bonuses. it is easy to pay somebody their bonus december 25 of january 2 depending on the tax treatment. do you think that is going to impact gdp in the fourth quart quarter, that there is just a lot more cash realized, like mark peabody and we see a decline in the first quarter because of that, or not? >> the pull forward effects. that is something that is a risk, although quite honestly us economists have been marking down our fourth quarter gdp numbers, we're only now looking for growth at about 1.5% in the fourth quarter. the other thing to keep in mind is how much of that money would actually be spent, depends on how consumers are feeling. if they are feeling nervous, the equity market is really under pressure because it's getting toward the end of the year and we h
hearing from you, join us tomorrow, good night from new york. neil: all right there are indication that republicans are about to bend some of the party worry, they are about to break, i am neil cavuto, fox on top of what could be a change instance on part of very, very worried republicans, speaker boehner, meeting with the core group saying, you know elec eelectione consequences, might as well stay in line. is it over? is the revolution on went the republican ranks? to rich edison in washington dc on the other story of this fiscal cliff still pending, rich? >> house republican leaders are discussing an overhaul of tax code, lower rates, fewer deductions, a new system that generates more revenue. for some republicans, that qualify z as a tax increase in the rate cut is too stingy, any housing or senate republican decenters to bain are' boehner's are relatively quiet. he fuses to box himself in. and so far his conference in public is letting their boss negotiate, some republicans are publicll acknowledging wealthier americans will have to pay more in a new tax system, they may get lo
, ben willis, happy veterans day to you. i think the word uncertainty has been used 50 times so far today. >> then i won't use the word uncertainty. i have to tell you not pleased that we're here on veteran's day, i think it is a little bit embarrassment we are open. but here we are. very low volume. very hard to read anything into the trading today. you mentioned some top stories coming in, the housing stocks, a favorite sector of the hedge funds in particular. but you have to keep in mind they are at the back end of their christmas season, if you will. a little bit dangerous place for investors to be. big picture i think we're kind of testing a low range of the bottom i have been calling for for quite a while. it was a little painful. i think we're near that point. if you are an individual investor, this is the time you need to have your shopping list and start adding to your cart. cheryl: with the homebuilders in particular, they were run up some of them 150% over the last year. when they make those dips, you do like sectors like that? >> yeah, but the housing sector was one of t
Search Results 0 to 25 of about 26 (some duplicates have been removed)